Revolut Aims to Secure $1 Billion in New Funding at a $65 Billion Valuation
Business/Finance

Revolut Aims to Secure $1 Billion in New Funding at a $65 Billion Valuation

Revolut is looking to raise substantial capital to fuel its global expansion within the fintech sector.

Key Insights:

  • Revolut is in discussions to secure $1 billion in funding at a valuation of $65 billion.
  • The funding round, primarily led by Greenoaks, will comprise both new shares and existing stock sales.
  • The fintech firm recently initiated the rollout of Lightning Network payments for its European clientele.

Expanding Horizons

According to the Financial Times, Revolut, known as Europe’s top-valued startup, is looking to raise significant new capital, which represents a noteworthy 44% increase from its last valuation of $45 billion from a year ago. This strategic funding aims to bolster its global ambitions, positioning the company for future growth in the financial technology landscape.

With plans to execute the funding through a mix of issuing new shares and selling existing ones, the report indicates that Greenoaks, a U.S.-based investment firm notable for supporting high-growth tech companies like Robinhood and Stripe, might lead this funding round, though final details are pending.

CEO Nik Storonsky is on course for a considerable compensation package if the company’s valuation climbs to $150 billion. Revolut continues to broaden its offerings by allowing users access to various cryptocurrencies and crypto stocks, actively working on integrating Lightning Network payments for European users.

Next article

ARK Invest Highlights Bitcoin's Slow Growth Amid Long-Term Holder Increases

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!